HP's layoff plans now sit at 34,000 jobs through 2014 (update)

It won&#039;t be happy new year for 5,000 HP employees who are now part the company&#039;s plans to trim its workforce in 2014. In its annual report filed with the U.S. Securities and Exchange Commission today, HP noted that it plans to eliminate 34,000 positions, up from the 29,000 the company said were getting cut as part of 2012&#039;s multi-year restructuring plan. CEO Meg Whitman put those plans in motion last year in an effort to trim costs, and get the company back on track as a mover and shaker of technology products and services. Some bright spots for HP have been the company&#039;s services and software division as well as its printer division, which has turned some of its focus to targeting commercial customers instead of home users.{br}{br}View the Entire Article{br}